Invest Beyond Your 401k

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 18 September 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Originally broadcast live, host Kim Kiyosaki is joined by special guests Andy Tanner and Nomi Prins for a deep dive into the world of financial education. With Robert Kiyosaki, this episode focuses on the importance of understanding market trends, preparing for volatility, and taking control of your financial future through continuous learning.

Key Highlights:

Understanding Market Trends: Robert Kiyosaki emphasizes the importance of learning about money and navigating market trends. Andy Tanner shares his expertise on technical trading and how to create cash flow from paper assets like stocks, bonds, and mutual funds.
Central Banks and Economic Policies: Nomi Prins offers invaluable insights into the hidden influence of central banks on the global economy. Her book "Collusion" is highlighted as essential reading for anyone wanting to understand how central bank policies shape financial markets.
Preparing for Market Volatility: With financial markets becoming increasingly unpredictable, Andy and Nomi stress the importance of financial education. They encourage viewers to go beyond traditional financial instruments like 401(k)s and develop a deep understanding of both bull and bear markets.
The Role of Financial Education: The episode underscores the importance of continuous financial education. Robert and Kim discuss how the Cashflow game helps individuals practice real-world financial scenarios using play money, reducing the risk of costly mistakes.

Future Outlook:

As the episode wraps up, the guests provide their insights into the future of the economy. Andy expresses concerns about the disconnect between market performance and company earnings, while Nomi warns against relying on central bank policies for long-term economic stability.

00:00 Introduction
00:44 Meet the Experts: Andy Tanner and Nomi Prins
01:47 Robert's Perspective on Financial Education
03:24 Nomi Prins on Central Banks and Global Economy
05:03 The Impact of Central Bank Policies
09:14 Andy Tanner on Stock Market Realities
11:37 The Importance of Financial Education and Coaching
18:35 Preparing for Market Crashes
19:58 The Role of Individual Responsibility in Investing
38:28 Conclusion and Final Thoughts

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiosaki.
0:08.5	Hello, I'm Kim Kiosaki and welcome to another episode of Rich Dad World.
0:13.6	Just want to thank you for tuning in
0:15.2	because as we always say,
0:16.4	financial education is the most important thing
0:18.6	you can focus on today, given this world and this economy
0:22.2	and all the craziness it's going on the more educated we get and the more experience and knowledge we have the better off we're going to be prepared for whatever happens in this world.
0:31.0	So today we have along with Robert and myself two very very special
0:35.2	guests. We have Andy Tanner who's a rich dad advisor on paper assets being
0:40.3	stocks, bonds, mutual funds, but Andy's expertise and why he's a rich dad advisor, he's not just a paper
0:46.1	expert and a real teacher, not a fake teacher, a real teacher who practices what he breaches.
0:52.1	But Andy is an expert on how to get cash flow
0:55.7	from paper assets, something that we all love.
0:58.3	As since, I'm the Queen of Cash Flow, why not?
1:01.9	So that's our one guest,
1:03.4	our second guest, Nomi Prince, is an expert
1:06.2	and also a real teacher hands on in the global economy
1:10.5	and specifically Central Banks, the Federal Reserve, which is one of Robert's favorite subjects.
1:16.8	So we have a ton to talk about today what's going on globally, what's going on locally and most importantly what that means to you and how you can prepare
1:28.1	for what's coming. So Robert with that I'll turn it over to you.
1:33.0	Well one of the best things about doing these calls is I get to be a student because I love learning.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Rich Dad Company, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Rich Dad Company and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.